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NEUTRAL 35 CoinDesk 1H ago · 1 min read

Tom Lee’s Bitmine favors share buybacks to ether purchases as crypto declines

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AI summary

Ethereum treasury firm Bitmine, chaired by Tom Lee, spent $46 million on share buybacks rather than purchasing more ether as crypto markets declined. Lee said crypto has held up better than AI stocks during the recent pullback. The shift toward buybacks signals the firm is prioritizing shareholder support over accumulating more ETH, a modest signal for how treasury companies are managing the downturn.

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Narrative history
14 linked stories · 7 outlets · since 12 Oct
  1. 1H AGO
    You’re reading this
    Tom Lee’s Bitmine favors share buybacks to ether purchases as crypto declines
    CoinDesk · Score 35
  2. 2H AGO
    Tom Lee says crypto bull market underway as Bitmine adds 10,452 ETH
    The Block · Score 35 · via Bitmine, Bitmine adds
  3. 3H AGO
    Bitmine adds 10,452 ETH as share buybacks approach $400M
    crypto.news · Score 55 · via 10,452, adds 10,452
  4. 23 OCT · 02:05
    Tom Lee: yields below 5% signal the AI selloff is nearly over
    BeInCrypto · Score 25 · via Tom, Lee
  5. 22 OCT · 12:30
    Tom Lee Says Bitmine Will Stop Buying ETH at 5% of Supply
    Bitcoin.com News · Score 45 · via Lee Bitmine, Lee
  6. 20 OCT · 05:14
    Tom Lee says chip selloff spillover into crypto is a buying opportunity
    BeInCrypto · Score 25 · via Lee, Tom
  7. 19 OCT · 17:55
    BitMine buys 12535 ETH as Tom Lee blames macro and tech headwinds
    CryptoPotato · Score 25 · via Lee, BitMine
  8. 19 OCT · 17:55
    Bitmine adds ether as Tom Lee pins crypto dip on AI fears
    Bitcoin.com News · Score 45 · via Bitmine, Tom
  9. 19 OCT · 15:13
    Bitmine adds $30 million in Ethereum as its buying nears the finish line
    Decrypt · Score 45 · via Bitmine, Lee
  10. 19 OCT · 13:36
    Bitmine buys 12535 ETH, lifting treasury to 6.04 million tokens
    The Block · Score 45 · via 12535, 12535 ETH
  11. 19 OCT · 05:55
    Tom Lee calls stock selloff a buying chance for crypto and chip stocks
    BeInCrypto · Score 25 · via Tom, Lee
  12. 14 OCT · 01:28
    Tom Lee says AI is in 1997 phase, not 1999, with bubble peak possibly 2033
    BeInCrypto · Score 15 · via Tom, Lee
  13. 12 OCT · 15:27
    Tom Lee predicts $2 trillion wealth transfer will drive crypto demand as Bitmine adds ether
    CoinDesk · Score 47 · via adds ether, Bitmine
  14. 12 OCT · 13:43
    Bitmine buys 12532 ETH as Tom Lee calls coming crypto bull market the largest ever
    The Block · Score 47 · via Lee calls, Tom
  15. 12 OCT · 13:33
    Bitmine adds $32M in Ethereum as Tom Lee says firm nearly done stacking
    Decrypt · Score 42 · via Bitmine adds, Bitmine
Most read · 72h